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Aug 28 - 08:55 PM

GBP/USD - Fresh 2022 Trend Low, As The Stronger USD Weighs

By Andrew M Spencer  —  Aug 28 - 07:30 PM

  • -0.25% early with a fresh 1.1694 2022 trend low after a bearish outside day

  • Safe haven USD firmer in early Asia, with E-mini S&P futures off 0.85%

  • UK holiday today, so risk appetite and the U.S. dollar will likely lead

  • Liz Truss considers 5% cut in VAT if she becomes PM -Telegraph nL1N3030D9

  • Surging energy will hit low income families hardest - need special measures

  • Charts: daily momentum studies edge lower, 21 day Bollinger bands expand

  • 5, 10 & 21 day and week moving averages fall - bearish trending setup

  • Close above 1.1857 10 DMA needed to undermine the downside bias

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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